LIC IPO – Expected Date and Price

Issue TypeIssue SizeOpen DateClose DateMin InvestmentLot SizePrice Range
Book Built – IPO3.5% of the companyMay 4May 9₹ 13,53015 Shares in lot₹902 – ₹949

NOTE: The data mentioned is as per the RHP filed by LIC with SEBI and the statements by the LIC officials at the press conference on Apr 27, 2022.

The name LIC (Life Insurance Corporation of India) is known to almost everybody in the country. In many ways, LIC brings back memories for many generations, and people still remember the tagline “Zindagi Ke Sath Bhi, Zindagi Ke Baad Bhi.” 

LIC has been serving Indians for more than 60 years and has earned the unwavering confidence of the nation. You might be living under the rock if you or any of your family members have not taken a LIC policy because there is always a neighbor who is a LIC agent.

LIC has been the largest insurance provider in India, and it will shortly launch an Initial Public Offering (IPO), which is expected to be the largest in recent times. With all the hype happening around, let’s take a look at LIC as an organization and what it has to offer!!